How can a business address the ethical issue of fair labor practices?

Implement strict profit targets

Ensure fair wages and safe working conditions

What is a negative externality associated with industrial production?

Pollution and environmental degradation

How can pressure groups influence business environmental practices?

By offering financial incentives

Through public campaigns and lobbying

By increasing their market share

Through internal management changes

What is an example of a positive externality in business operations?

Job creation in local communities

How do pressure groups raise awareness about environmental concerns?

By reducing their own waste production

Through organized protests and media campaigns

Through offering subsidies to businesses

Which of the following is a strategy to mitigate environmental externalities?

Ignoring environmental regulations

Investing in renewable energy sources

Outsourcing production to cheaper locations

How can a company demonstrate its commitment to ethical sourcing?

By solely focusing on profit margins

By adopting a transparent supply chain policy

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